eia storage report

Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…

October 4, 2021
October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

Natural gas futures flew higher again on Monday – up more than 30 cents early — as worries about global energy supplies intensified and bulls dominated U.S. trading ahead of front-month expiration. Traders took some profits in afternoon action, but the October contract still finished in the green and up more than 70 cents over…

September 28, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
Analysts See Regional Tightness as Natural Gas Futures Extend Rebound

Analysts See Regional Tightness as Natural Gas Futures Extend Rebound

Natural gas futures continued to rebound early Friday as the market contemplated lean stockpiles heading into winter, as well as the looming front-month expiration. The October Nymex contract was up 9.7 cents to $5.073/MMBtu at around 8:50 a.m. ET. November was trading 10.2 cents higher at $5.145. The U.S. Energy Information Administration (EIA) on Thursday…

September 24, 2021
In-Line Storage Injection Bolsters October Natural Gas Futures Recovery

In-Line Storage Injection Bolsters October Natural Gas Futures Recovery

Utilities injected 76 Bcf natural gas into underground storage for the week ended Sept. 17, the U.S. Energy Information Administration (EIA) reported Thursday. The print was essentially on par with market expectations and supported a Nymex natural gas futures recovery. With robust global demand for U.S. exports of liquefied natural gas (LNG) and peak domestic…

September 23, 2021
EIA Data ‘Front and Center’ as Natural Gas Futures Called Higher Early

EIA Data ‘Front and Center’ as Natural Gas Futures Called Higher Early

Natural gas futures nudged higher early Thursday as traders awaited the latest round of government inventory to help determine the next move for prices. The October Nymex contract was up 5.0 cents to $4.855 at around 8:50 a.m. ET. Surveys ahead of this week’s U.S. Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m.…

September 23, 2021
Temperature Outlook ‘Solidly Bearish’ as Natural Gas Futures Stumble Early

Temperature Outlook ‘Solidly Bearish’ as Natural Gas Futures Stumble Early

Continued bearishness in the weather outlook saw natural gas futures extend their losses in early trading Tuesday. After tumbling 12.0 cents in the previous session, the October Nymex contract was down 7.2 cents to $4.913/MMBtu at around 8:45 a.m. ET. In their overnight runs, both the American and European weather models shed degree days for…

September 21, 2021
October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

September 20, 2021
October Natural Gas Futures, Cash Prices Languish as Forecasters See Weather Demand Tapering

October Natural Gas Futures, Cash Prices Languish as Forecasters See Weather Demand Tapering

Natural gas futures on Friday dipped lower for a second consecutive day as traders mulled forecasts for milder temperatures, the specter of easing demand and the potential for stronger storage injections ahead. The October Nymex contract dropped 23.0 cents day/day and settled at $5.105/MMBtu. November fell 23.6 cents to $5.146. NGI’s Spot Gas National Avg.…

September 17, 2021
October Natural Gas Futures, Cash Prices Lose Ground Amid Signs of Waning Demand

October Natural Gas Futures, Cash Prices Lose Ground Amid Signs of Waning Demand

Natural gas futures lost momentum on Thursday after a fierce rally that sent the prompt month more than 50 cents higher over the three previous sessions. Traders took profits after weather forecasts shifted cooler and a government inventory report showed a larger storage injection than expected. The October Nymex contract declined 12.5 cents day/day and…

September 17, 2021